Found in Robotics News & Content, with a score of 53.43
August 17, 2022
China's self-driving car market continues to accelerate. SAIC Motor's ride-hailing unit has raised more than 1 billion yuan ($147.3 million) in a Series B round, according to Momenta Group, an autonomous vehicle developer and participant in the funding. SAIC Mobility is now worth $1 billion (U.S.), Momenta said yesterday. “SAIC Mobility’s automotive leadership in the Yangtze River Delta has spread nationwide,” stated Zhuang Jingxiong, CEO of SAIC Mobility. “SAIC Mobility is backed by the significant resources and experience of SAIC Motor, and Momenta is providing SAIC Mobility with technological and software leadership as we continue to iterate solutions together.” SAIC…
Found in Robotics News & Content, with a score of 22.31
November 04, 2021
…The leading investors in Momenta included Chinese strategic investor SAIC Motor; global strategic investors General Motors, Toyota, and Bosch, as well as Temasek and Yunfeng Capital. Mercedes-Benz, IDG Capital, GGV Capital, Shunwei Capital, Tencent, and Cathay Capital also participated in the $500 million Series C round. Autonomous vehicle developers and related technology providers have raised more than $26.5 billion in 2021, according to Robotics 24/7. Here are 10 of the biggest totals to date: Company Location Amount (M$) Transaction Date Cruise San Francisco 2,750 Investments 4/15/2021 Waymo Mountain View, Calif. 2,500 Investments 6/16/2021 Xpeng Hong Kong 2,000 IPO 6/24/2021 Momenta…
Found in Robotics News & Content, with a score of 20.82
December 27, 2021
…its Mpilot mass production-ready perception software and MSD (Momenta Self-Driving) system targeting full autonomy. Last month, Chinese automotive manufacturer SAIC began testing robotaxis in Shanghai with Momenta's technology.
Found in Robotics News & Content, with a score of 20.03
June 03, 2021
…A round included new strategic investors HAHN Automation and SAIC Capital Management, as well as new institutional investors Soundproof Ventures and Heroic Ventures. They joined existing investors SPARX Asset Management, Omron Ventures, Toyota AI Ventures, Scrum Ventures, and Duke Angels “This investment by some of the world’s leading manufacturers and automation providers stands as a testament to our ability to dramatically improve the value proposition for robotic implementations,” stated Peter Howard, CEO of Realtime Robotics. “Having already realized early deployment success, a broad spectrum of customers and partners are working closely with us to refine features and user experiences, readying…
Found in Robotics News & Content, with a score of 16.67
December 26, 2021
…said it has collaborated with multiple automotive manufacturers including SAIC Motor, GWM, JAC Group, Changan Auto, and BYD. RoboSense, Horizon Robotics to commercialize smart vehicles RoboSense said it will use its lidar software and hardware with Horizon Robotics to promote the large-scale commercialization of integrated perception systems. The partners said their respective industry resources will enable them to jointly promote standardized implementation of smart, onnected transportation. The partners will build on RoboSense’s second-generation, solid-state RS-LiDAR-M1 and Horizon Robotics’ Journey 3 and Journey 5 automotive smart chips, the two companies will collaborate on the development and adaptation of integrated perception systems.…
Found in Robotics News & Content, with a score of 16.65
January 04, 2022
…transport future,” he said. HASCO Group, a member of SAIC Group, is a systems integrator and a leading supplier of automotive parts and services. The company said it has supported major OEMs worldwide for more than 30 years, covering more than 40 business fields. EVs prompt modernization, says HASCO As the automotive industry makes the transition to electric vehicles (EVs), parts suppliers must invest in flexible factories that can respond to rapidly changing demands and trends, said ABB Robotics and HASCO. The companies said their partnership will expand the use of smart technologies and artificial intelligence within the industry. ABB…
Found in Robotics News & Content, with a score of 16.54
August 07, 2023
…It has partnered with leading OEMs such as Toyota, SAIC, SANY, FAW Group, and GAC Group. Within its self-owned fleets, Pony.ai currently has about 200 Toyota and Lexus brand robotaxis. They are located in all four of China’s Tier 1 cities—Guangzhou, Beijing, Shanghai, and Shenzhen—for road tests and public-facing robotaxi operations. Three-way joint venture to bring robotaxis to market The three companies said they will establish a joint venture company this year with an investment of more than RMB 1 billion (about $139.2 million U.S.). The partnerhsip is intended to deliver safe and convenient robotaxi services for riders, they stated.…
Found in Robotics News & Content, with a score of 16.12
October 14, 2022
…numerous joint ventures in China, holding a 75% stake in its venture with JAC (600418.SS), a 50% stake with SAIC (600104.SS) and 40% with FAW (SASACJ.UL),” the news source reported.
Found in Robotics News & Content, with a score of 15.40
September 23, 2021
…completed Series C financing totaling $500 million, led by SAIC Motor, with participation from Bosch, Toyota, and others. It is working with Toyota on technologies for high-definition mapping and with NVIDIA on autonomous parking. GM invests in safer, cleaner transport GM said it “is investing aggressively in a comprehensive and highly-integrated plan to lead the transformation to a more sustainable future, guided by its vision of a world with zero crashes, zero emissions, and zero congestion.” In June, the automaker announced that it is investing $35 billion in electric vehicle (EV) and autonomous vehicle (AV) technology from 2020 to 2025.…
Found in Robotics News & Content, with a score of 12.12
July 13, 2022
…Bridgestone Americas. SoftBank, State Farm Ventures, Next Century Ventures, SAIC, Wanxiang, Karma, and 10x Group joined May Mobility's supporters. Returning investors included Toyota Ventures, Millennium Technology Value Partners, Cyrus Capital Partners, LG Technology Ventures, and Maven Ventures. Insurance industry supports AVs for safety Joining Tokio Marine, State Farm Ventures participated in May Mobility's Series C round, becoming one of the first U.S.-based insurers to invest in AVs. The company said the investment indicates the insurance industry's growing support for AV operations to reduce road accidents. “The insurance industry sees the future of mobility and is recognizing the importance of helping…
Found in Robotics News & Content, with a score of 11.56
February 04, 2022
…the company already operates the Technomous joint venture with SAIC Motor Corp., the largest carmaker in that growing market. TTTech Auto will hire talent in software and safety engineering, strategic product management, and business development in Europe, North America, and Asia. Bolster leadership in safety technology: TTTech Auto said it will acquire complementary products, technologies, and services to meet the ever-growing safety needs as the automotive industry reaches new levels of autonomy and as the functional complexity of software-driven cars increases. Audi, Aptiv invest in strategic goals Aptiv, Audi, and TTTech Auto have worked together on Audi’s central driver-assistance controller…
